Answer:
If the company used the percentage of sale method and estimates bad debts to be 2% of sales what is the amount of bad debt expense:
If the company uses the percentage of accounts receivable method and estimates 4% of accounts receivable will be uncollectible
Explanation:
- The percentage of sale method
800,000 2% 16,000
Initial Balance
Accounts Receivable $ 120,000
Allowance for Uncollectible Accounts $ 500
Allowance for Uncollectible Accounts $ 15,500
Accounts Receivable $ 15,500
- Accounts Receivable Method 4% 4,800
Bad debt expense $ 4,300
Allowance for Uncollectible Accounts $ 4,300
Look this up this is really hard to understand
Answer:
She is making a <u>PROGRAMMED DECISION</u> because she always bases the order on current inventory levels, which are accurate and up-to-date?
Explanation:
Programmed decisions are routine decisions that are carried out following established procedures. This type of decisions are made generally without much consideration because they do not include important aspects of the organization's functions. Sometimes they can even be automated specially if they apply to small purchases like office supplies which can be made only by checking the inventory level.
By making a homeless shelter or just giving someone a compliment
